One of the world’s oldest banknote security providers, Arjowiggins Security, has gone into administration almost 12 months after it was sold to Blue Motion Technologies.

The French company began designing and manufacturing banknote paper in 1791, creating the ‘assignat’ – the currency used during the French revolution.

Since then, the company’s client base has ballooned – it has supplied banknote hardware to more than 140 countries over the past 200 years.

But in mid-January, French courts